Managerial Finance: Volume 50 Issue 11

Uncertainty and the transmission of monetary policy via bank liquidity creation

Japan Huynh

This paper investigates the moderating role of uncertainty in the impact of monetary policy on bank liquidity creation.

Does societal trust matter for the conservative financing policy puzzle? European SMEs evidence

Paulo M. Gama, Elisabete F. Vieira

This paper studies the impact of societal trust on the conservative financing policy puzzle, aiming to cover a gap in the relationship between cultural values and the conservative…

Real asset liquidity and accounting conservatism: evidence from asset redeployability

Wei Huang, Rui-Zhong (R.Z.) Zhang

This study examines the implications of real asset liquidity for accounting conservatism. We investigate whether the liquidity of a firm’s physical assets mitigates lenders’…

Internal versus external CEO hires: key differences

Sanjiv Jaggia, Satish Thosar

Historically, most CEOs were promoted from within the organization. The internal candidates offer continuity, are well known to the Board, and have deep institutional knowledge…

How does FinTech empower China’s rural revitalization? The role of entrepreneurial activeness, innovation capability and industrial structure advancement

RuiZeng Zhao, Jiasen Sun, Xinyue Wang

Financial technology (FinTech) has enhanced the inclusivity and accessibility of traditional finance, offering a novel pathway for rural revitalization and development. The paper…

CEO pay-performance sensitivity and pay for luck and asymmetry

Yixi Ning, Bill Hu, Zhi Xu

This paper studies the relationship between CEO pay-performance sensitivity and CEO pay for luck as well as the asymmetric benchmarking of CEO pay in which good luck is rewarded…

Calendar anomalies’ adaptiveness in exchange rates: evidence from the concordance coefficient and AR-GARCH tests

Dacio Villarreal-Samaniego

This research aims to examine the time-varying behavior of the Weekend, Turn-of-the-Month, January, and Halloween effects in eight foreign exchange rates against the U.S. dollar…